Displaying items by tag: BaselCement
Cemros’ Serebryansky cement plant switches to gas
28 June 2023Russia: Cemros’ integrated Serebryansky cement plant in Ryzan region has switched to using gas as a fuel. The project was conducted with Gazprom and the regional government, including linking the site up to the gas network with a 14km pipeline. CO2 emissions at the plant are expected to decrease by up to 17% and electricity consumption by 4%. The 1.8Mt/yr plant used around 200,000t/yr of coal before starting the switch to gas from March 2023.
Vyacheslav Shmatov appointed chair of Soyuzcement
09 February 2022Russia: Soyuzcement, the national cement manufacturing union, has appointed Vyacheslav Shmatov as its chair. He is currently the general director of Eurocement Group and has worked in the cement industry for over 11 years. He was previously the head of BaselCement.
Smikom to buy Eurocement
06 April 2021Russia: Holdings company Smikom has won the auction to buy Eurocement from Sberbank. RBC News has reported the value of the deal as Euro2.1bn. Smikom, formerly known as BaselCement, will acquire a 100% share of Cyprus-based GFI Investments, which controls Eurocement Group. The final terms of the deal are still being agreed, according to sources quoted by the Russia-based media group. Neither Sberbank nor SmiKom have commented on the matter.
Sberbank acquired a 100% stake in GFI Investment in November 2020 following an increase in its debts in mid-2020. An electronic auction process for company then started in February 2021.
Eurocement is the largest cement producer in Russia operating 10 plants domestically and abroad.
Russia: Oligarch Oleg Deripaska has moved the ownership of BaselCement’s Serebryansky Cement Plant by MKAO Fenestraria Consultants from Cyprus to Kaliningrad, Russia. Companies associated with Deripaska underwent redomiciling procedures in May 2019, according to Interfax. The change follows the creation of Russian special administrative regions in 2018 to encourage companies to relocate domestically in response to international sanctions.
BaselCement boosts cement and clinker output by 4%
22 July 2015Russia: BaselCement produced 1Mt of cement and clinker in the first half of 2015, 4% more than in the same period of 2014, according to Interfax.
"Significant growth in production was achieved at Serebryansk Cement Plant. The enterprise produced almost 650,000t of cement in the first half of 2015. Shipments to the construction market in Moscow and Moscow region rose by 15% year-on-year. The plant's share of the Moscow region's cement market rose to 9%," said BaselCement in a press release.
Achinsk Cement shipped 64,000t of cement to customers in the Siberian Federal District in the first half of 2015, double the amount in the same period of 2014. "This was the result of the Euro2.56m investment project aimed at increasing capacity to produce the given grades," said BaselCement. The Siberian enterprise also increased shipments of commercial clinker by more than 150% on higher demand. Its share of the construction materials market in the Siberian FD was about 10%.
BaselCement makes 37% more cement in 2014
21 January 2015Russia: BaselCement Holding produced 2Mt of cement and clinker in 2014, 37% more than in 2013. At the Serebryansky Cement Plant, production reached 1.02Mt, 95% more than in 2013. (The plant was only commissioned in the middle of 2013). The shipment of cement and clinker from Achinsk Cement increased by 5% and exceeded 0.9Mt.
Russia: The Federal Antimonopoly Service (FAS) has rejected a claim against Pikalyovsky Cement over an application submitted by BaselCement-Pikalyovo. The FAS dismissed the claim because it saw no violations of the law.
BaselCement-Pikalyovo, located in Pikalyovo in the Leningrad region, halted production in 2009 due to a shortage of raw materials. The situation then was settled by the then Prime Minister Vladimir Putin when a supplies treaty was signed.
In January 2013 BaselCement-Pikalyovo applied to the FAS with a claim accusing Pikalyovsky Cement of breaking the antimonopoly law. Allegedly Pikalyovsky Cement had imposed low prices on BaselCement-Pikalyovo for the supply of nepheline slime. BaselCement-Pikalyovo later said that Pikalyovsky Cement revoked its order for nepheline in January 2013 and that this threatened to halt the operations at BaselCement-Pikalyovo since the cement producer is its sole customer.
CRH in talks to buy BaselCement
06 September 2011Russia/Kazakhstan/Ireland: Russian businessman Oleg Deripaska is holding talks to discuss selling up to 75% of his cement production company BaselCement to Ireland's Cement Roadstone Holdings (CRH). BaselCement CEO Vyacheslav Shmatov and CRH's press office declined to comment.
At present, BaselCement only has two operating facilities, one in Russia and the other in Kazakhstan. The company's plant in the Krasnoyarsk city of Achinsk produced 436,500t of cement in January to July 2011, up from 150,400t that it produced in the same period of 2010. BaselCement's plant in Kazakhstan produced 400,000t of cement in the whole of 2010.
The proposed deal could also include two cement plants with a combined annual production capacity of 3.5Mt/yr that are currently being built in the Ryazan and Novgorod regions. CRH has preliminarily estimated BaselCement's value at Euro550-600m (excluding its subsidiary BaselCement-Pikalyovo). BaselCement is forecast to have a net profit of Euro45.8m in 2011.